Medium and large companies make up the bulk of Zoom's paying clients.
Its revenue in the quarter gone by more than quadrupled against the same period a year ago, the company said as it announced its earnings on August 31. One key metric - the number of Zoom customers with at least 10 employees - exploded to about 370,200 in the quarter, up 458% year-over-year.
The shares rose 33% to US$432.45, pushing Zoom's market value to almost $122 billion, after it reported explosive growth during the second quarter as more people paid for subscriptions, giving them more control over virtual meetings.
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The community beforehand aired the comedy "Ghosted" starring Adam Scott and Craig Robinson through the 2017-2018 season. It was one of the longest-running sci-fi series on network television, with nine seasons on Fox and two feature films.
CEO Eric Yuan says organizations are shifting from addressing their immediate needs, toward a future of working, learning and connecting anywhere.
Shares of Zoom skyrocketed as much as 38% in premarket trading Tuesday.
In a show of confidence, Zoom raised its revenue projection for its fiscal year ending in January to almost $2.4 billion, up from roughly $1.8 billion that the San Jose, Calif., company predicted in early June.
The company said it increased its revenue outlook for the third quarter and the full financial year, with third quarter revenue to hover between $685m and $690m. That forced millions of workers and students to hop on to Zoom and other videoconferencing services to get their jobs and schoolwork done.
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Stewart and the WNBA will be trying to pull off the feat of playing a 22-game season and playoffs in the IMG bubble. Sabrina Ionescu saw more action than any other player in her WNBA debut. 'We will say her name.
The sudden demand seemed to catch Zoom off guard initially, leaving its service vulnerable to hackers and mischief makers who exploited security weaknesses to barge into or snoop on meetings.
The surge in usage also strained Zoom's infrastructure, with some outages last week as schools in many parts of the USA resumed classes virtually.
The video communications platform has been adopted by businesses, schools, universities and individuals due to Covid-19 related movement restrictions and lockdowns.
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